Air India is attempting to settle a lawsuit in the United States worth $1.2 billion, alleging a new owner.

Air India is attempting to dismiss a lawsuit brought by Devas Multimedia Pvt. In a U.S. court, claiming that the carrier’s recent ownership change precludes demands for arbitration award recovery..

After winning three international arbitration rulings over a cancelled telecoms deal with a state-run corporation, Devas has demanded $1.2 billion from the Indian government. The corporation is attempting to seize the once government-owned flag carrier’s overseas assets, which were transferred over to Indian conglomerate Tata Sons Pvt. On Thursday, claiming that the national carrier is a fictitious entity of the Indian government.

The airline’s lawsuit in a US court came on the same day that a new management team took over, ending years of taxpayer funded bailouts and assisting Prime Minister Narendra Modi in completing the first major privatization in over two decades. The country will begin the process of shutting down Devas this week, according to Finance Minister.

According to a petition by Air India, the district court in New York has the option of dismissing and disposing of Devas’ complaint fully based on the airline’s request, or identifying unresolved issues in the case if the motion is denied.

Devas and Air India representatives did not immediately reply to requests for comment.

Devas’ lawyers stated they will continue their efforts to recover the arbitration judgement money from assets of the Indian government in numerous countries in an interview before Air India’s recent filing. Devas will file a new arbitration against the Indian government, according to Matthew McGill, lawyer for Devas shareholders.